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Stock impact report

Why United Natural Foods Stock Popped Today [Yahoo! Finance]

United Natural Foods, Inc. (UNFI) 
Last united natural foods, inc. earnings: 3/11 06:58 am Check Earnings Report
Company Research Source: Yahoo! Finance
its fiscal first-quarter earnings report, beating estimates on the top and bottom lines. As a result, the stock finished the day up 20%. Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » United Natural Foods (UNFI) has now more than tripled from its low in the spring as investments in increased efficiency and other initiatives are paying off. In Q1, revenue increased 4.2% to $7.87 billion, easily beating estimates at $7.61 billion. Its supernatural segment, which currently consists of just Whole Foods, delivered strong growth with revenue up 13.8% to $1.84 billion. At its largest segment, chains, which consists of grocery banners with more than 10 locations, revenue rose 3.5% to $3.29 billion. The business benefited from value initiatives that attracted increased spending from existing customers like Whole Foods, and it's also optimizing its distribution network, driving profitability improvem Show less Read more
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